Malauzai Software Gets $6.5M More For Banking Apps

Malauzai Software, a developer mobile banking apps for community financial institutions which has a number of its top executives located in Los Angeles, said this week that it has raised $6.5M in a Series C funding ronud. The funding came from Wellington Capital Management. Malauzai is based in Austin, Texas, but has links to Los Angeles via its executive team, many of whom had worked at Calabasas-based Digital Insight before it was acquired by Intuit. Malauzai said it would use the funding to grow its organization and further develop its mobile apps. More information »